Apollo Tyres News and Updates

Name: Latest research reports of Apollo Tyres Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Apollo Tyres Ltd.
Rating: 3
Author: Geojit BNP Paribas

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Apollo Tyres Ltd.

24 May 2023

512.55

0.55%

Apollo Tyres to source 100% of its natural rubber from firms committed to sustainability guidelines

Business Line

The new initiative, which came into full effect recently, forms part of Apollo Tyres' Global Sustainability Strategy

Apollo Tyres Ltd.'s price crossed above 50Day SMA today

Apollo Tyres Ltd.

15 May 2023

512.55

0.55%

APOLLO TYRES

Hold: Apollo Tyres Ltd.

Target

Geojit BNP Paribas

Apollo Tyres Ltd. is trading above its 200 day SMA of 470.4

Apollo Tyres Ltd.

14 May 2023

512.55

0.55%

Apollo Tyres expects double-digit revenue growth in FY24 on organic growth

Business Standard

Apollo Tyres Ltd expects double-digit revenue growth in FY24 purely on the performance of organic volume growth, according to company President Asia Pacific, Middle East and Africa, Satish Sharma. The Indian tyre industry is in a sweet spot with strong demand coming in while raw material prices are moderating, he said although reducing tyre prices would depend on competitive intensity. "We are still in the same vicinity of a double-digit growth. It is definitely on the cards," Sharma said in an interaction here. He was responding to a query on the revenue growth outlook for FY24. In 2022-23, Apollo Tyres clocked a consolidated revenue from operations of Rs 24,568 crore as against Rs 20,948 crore in 2021-22. With the base effect and impact of COVID-19 pandemic "all gone", Sharma said,"Going forward, it's all volume (growth), there is nothing that will come out of value (due to price hikes) except for a mix enrichment, which is a continuous process." For the tyre industry also, he

Apollo Tyres Ltd. is trading below its 30 day SMA of 518.2

Apollo Tyres Ltd.

13 May 2023

512.55

0.55%

Buy Apollo Tyres; target of Rs 430: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Apollo Tyres recommended buy rating on the stock with a target price of Rs 430 in its research report dated May 10, 2023.

Apollo Tyres Ltd. is trading below its 30 day SMA of 518.2

Apollo Tyres Ltd.

11 May 2023

512.55

0.55%

BP Equities Q4FY23 Result Update Apollo Tyres Ltd

Results Update: Apollo Tyres Ltd.

BP Wealth

Apollo Tyres Ltd. is trading below its 30 day SMA of 518.2

Apollo Tyres Ltd.

11 May 2023

512.55

0.55%

Bullish on India, expanding in the US, Middle East: Apollo Tyres VC MD Neeraj Kanwar

Moneycontrol

The Indian tyre major, which has entered into mobility services business with the launch of its new venture 'AVOLVE' offering digitised tyre management services for commercial vehicles, sees contribution from exports to increase to 45 per cent of its global revenue by 2025-26 by when it expects to clock USD 5 billion.

Apollo Tyres Ltd. is trading above its 200 day SMA of 470.4

Apollo Tyres Ltd.

11 May 2023

512.55

0.55%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Recommendation Target

ICICI Direct

Apollo Tyres Ltd. is trading below its 30 day SMA of 518.2

Apollo Tyres Ltd.

10 May 2023

512.55

0.55%

Apollo Tyres Consolidated March 2023 Net Sales at Rs 6,247.33 crore, up 11.99% Y-o-Y

Moneycontrol

Apollo Tyres Ltd. has an average target of 594.50 from 4 brokers.

Apollo Tyres beats Q4 profit view on lower rubber costs, strong demand

Business Standard | 10 May 2023 5 more

Apollo Tyres Ltd.

10 May 2023

512.55

0.55%

Operationally in line; EBITDA margin likely to sustain in FY24

Buy: Apollo Tyres Ltd.

Target

Motilal Oswal

Number of FII/FPI investors increased from 302 to 313 in Sep 2025 qtr.

Apollo Tyres Ltd.

10 May 2023

512.55

0.55%

Strong profitability aiding deleveraging

Buy: Apollo Tyres Ltd.

Target

ICICI Securities Limited

Apollo Tyres’ (ATPY) Q4FY23 standalone EBITDA margin at 16% (up 300bps QoQ) was driven by 8% QoQ decline in raw material basket (RMB) costs, improved sales mix and cost controls. EU EBIDTA margin at ~18% was up 270bps QoQ driven by lower RM prices, decline in power/freight costs and further increase in mix of UHP/all-season tyres.